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(Z3) Testing Resistance At The 20-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 110-10+ High Sep 8
  • RES 3: 109-20 High Sep 19
  • RES 2: 109-09+ 50-day EMA
  • RES 1: 108-16 High Oct 12
  • PRICE: 107-11 @ 11:46 BST Oct 16
  • SUP 1: 107-02+ Low Oct 10
  • SUP 2: 106-03+/00 Low Sep 4 / Round number support
  • SUP 3: 105-07 2.0% 10-dma envelope
  • SUP 4: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing

Treasuries have pierced resistance at the 20-day EMA - at 108-00+. Recent gains are considered corrective, however, a clear break of the 20-day average would signal scope for a stronger recovery and expose the 50-day EMA at 109-09+. The primary trend remains down and a break of 106-03+, the Oct 4 low, would confirm a resumption of the trend and expose the 106-00 handle.

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